The Readers in Economics
is a series that comprises important published essays and book extracts on specific
themes.
This volume presents a
collection of papers on the emerging patterns of international collaborations between
developed and developing nations. The essays on the interrelated topics of joint
ventures, international investment and technology transfer focus on the
relationship among firms located across different national boundaries with asymmetric
technological and institutional characteristics.
The different perspectives
and methodologies that have been brought together include neoclassical, perfect
competition models, and models dealing with imperfect competition, asymmetric information
and strategic behaviour.
The collection emphasizes
the modes of resource inflow, from the 'north' to the 'south'. A large part of foreign
investment and technology transfer takes place through the multinational corporations
(MNCs) of the developed world. Protective barriers and other institutional restrictions on
the free movement of goods and factors, tangible or intangible, tend to shape the entry
strategies of the MNCs in the developing world.
The introduction provides an
understanding of the theoretical rationale for the movement of capital through
multinational firms. The issue of effective technology transfer in the Indian context is
of central importance to current policy debates.
The reader focuses on joint
ventures and foreign investment in the context of development, covering the relevant
theoretical and empirical literature.
Readership: Researchers,
teachers and advanced graduate students in international business and development
economics, practising managers, consultants, and poliy-makers.
Nirvikar Singh is
Professor of Economics, University of California, Santa Cruz.
Sugata Marjit is
Professor of Economics, Centre for Studies in Social Sciences, Kolkata.
404 pages